Insider Buying: Nomad Foods (NYSE:NOMD) CEO Buys $1,468,500.00 in Stock

Nomad Foods Limited (NYSE:NOMD) CEO Dominic Brisby purchased 150,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $9.79 per share, with a total value of $1,468,500.00. Following the acquisition, the chief executive officer directly owned 676,794 shares in the company, valued at approximately $6,625,813.26. The trade was a 28.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Nomad Foods Stock Up 1.3%

Shares of NYSE NOMD opened at $10.44 on Thursday. The company has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $11.29. The company has a market capitalization of $1.46 billion, a P/E ratio of 10.13 and a beta of 0.69. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $18.33.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The firm had revenue of $827.87 million during the quarter, compared to the consensus estimate of $804.00 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, equities research analysts predict that Nomad Foods Limited will post 1.76 earnings per share for the current year.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 12th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.5%. The ex-dividend date is Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Analyst Ratings Changes

Several analysts recently weighed in on NOMD shares. Mizuho dropped their target price on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. BTIG Research reiterated a “buy” rating and issued a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Barclays dropped their target price on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.50.

Hedge Funds Weigh In On Nomad Foods

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC grew its stake in shares of Nomad Foods by 1.9% in the second quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock worth $646,000 after acquiring an additional 726 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Nomad Foods by 3.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 30,987 shares of the company’s stock worth $407,000 after acquiring an additional 939 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Nomad Foods by 0.4% in the second quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock worth $4,564,000 after acquiring an additional 1,044 shares in the last quarter. Entropy Technologies LP lifted its position in shares of Nomad Foods by 1.7% during the 1st quarter. Entropy Technologies LP now owns 71,479 shares of the company’s stock worth $687,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Nomad Foods by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after purchasing an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

About Nomad Foods

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.